KapStone Paper and Packaging Corporation (NYSE:KS) shares traded down 7.3% during trading on Monday . The company traded as low as $20.94 and last traded at $21.09, with a volume of 2,147,463 shares changing hands. The stock had previously closed at $22.76.

A number of research analysts recently commented on the stock. Deutsche Bank AG increased their price target on shares of KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Vertical Research downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Monday. Finally, ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $26.29.

The stock has a market cap of $2.03 billion, a P/E ratio of 27.60 and a beta of 2.84. The firm has a 50 day moving average price of $22.32 and a 200-day moving average price of $22.18.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The business had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that KapStone Paper and Packaging Corporation will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. KapStone Paper and Packaging Corporation’s dividend payout ratio is presently 51.95%.

In related news, VP Randy J. Nebel sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the vice president now directly owns 47,404 shares of the company’s stock, valued at $1,137,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.09% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Eaton Vance Management boosted its stake in KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock valued at $472,000 after buying an additional 63 shares in the last quarter. National Asset Management Inc. boosted its position in shares of KapStone Paper and Packaging Corporation by 0.7% in the first quarter. National Asset Management Inc. now owns 10,095 shares of the basic materials company’s stock worth $234,000 after buying an additional 75 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the basic materials company’s stock worth $741,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of KapStone Paper and Packaging Corporation by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after buying an additional 239 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of KapStone Paper and Packaging Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 9,750 shares of the basic materials company’s stock worth $225,000 after buying an additional 240 shares during the period. 81.16% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “KapStone Paper and Packaging Corporation (KS) Shares Down 7.3%” was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/08/23/kapstone-paper-and-packaging-corporation-ks-shares-down-7-3.html.

About KapStone Paper and Packaging Corporation

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.